Obama taking care of his friends and donors with your money!

A couple of years ago, Obama announced a $2B 'investment' in Petrobras, a part Brazilian government/ part private investor owned energy drilling and exploration company. The company was drilling in the deep waters off the coast of Brazil and announced the discovery of possibly the largest oil find in South America. They needed funds to proceed. They are listed on the stock market for investment by private individuals worldwide. George Soros bought almost $900M dollars worth of their stock. The stock was declining in value after his purchase. Obama decided to give Petrobras $2B of your taxpayer dollars to help boost the stock price per share and hopefully bail out his number one supporter. The timing was just a coincidence?

The government has lost $130M dollars from investments in Evergreen Solar, Inc., of Marlborough, MA. That's on top of the tens of millions invested and lost by the state of Massachusetts itself. It's so bad that one of the top reporters for the Boston Globe, a daily liberal rag newspaper, wrote an article a couple of months ago entitled 'Government is a lousy investment capitalist'!

Christian Gronet founded Solyndra Solar, Inc., of Fremont, CA. He, along with several of his executives, were huge investors in Obama,s election campaign of 2008. Obama invested (again your taxpayer dollars) some $535M dollars on Solyndra. Solyndra went bankrupt with no possibility of recouping any of the government money since it had already been spent ... gone! To make matters worse, the Obama administration decided to give each of Solyndra's 1,100 employees, who lost their jobs, a severance payment of $13,000 each ... that $14.3M was additional taxpayer dollars on top of the $535M we had already lost! I'm sure if you just recently lost your job, your employer was just as generous to you!

Fisker Automotive, that manufactured its hybrid and total electric cars at Valmet Automotive in Finland, was conditionally offered a $528M loan by the current administration to entice them to build them in the states. This was after V.P. Biden suggested that the 'Fisker Karma' be produced at a closed GM plant in Wilmington, DE, his home state. The state of Delaware ponied up $21M in state funds on its own. Fisker drew down $193M from federal monies as its first and only draw. Since they didn't meet the conditional outline of the loan parameters, the remaining $335M dollars were put on hold until the conditions were met. They have not been met. The net result ... federal taxpayers have lost another $193M and the state of Delaware is out its funds!

Just last week 123 Systems of Michigan went belly up with no chance of our recovering any portion of the taxpayer funds our government gave to them.

Last but not least for this blog is the ' Obamaphone' fiasco. This program began back in the Reagan era to supply those less fortunate with a 'land line' to make and receive phone calls only from and to possible employers and employee search firms. It was designed to give those citizens a 'hand up' if they could not afford to go to an interview or search for a job due to their poor financial circumstances. This administration has expanded it to include our current cell phone options .... not only phones but data as well. They can use these phones to send emails, texts, photos, check on GPS, check the markets, play video games, and any of the thousands of other current applications. Why? Carlos Slim, a multi-billionaire and Mexico's wealthiest citizen owns Telmex which controls all of the country's phone systems. He also is the owner of a company called TracLine, which supplies all the phones for the ObamaPhone system. But he's not really the 'pay-off' guy, although I'm sure he loves the additional business and profits. The pay-off company I refer to is a company called LifeLine, which makes enormous profits from the sales and control of the data plans and minute usages. It's CEO is a man by the name of F.J. Pollack, a large Obama donor. My, my ... just another coincidence? Amazing how things work out, isn't it? How many of those phones do you think are used to search for new jobs?

The above are but a few of the causes of our current $16B+ loss on our administration's 'investments'. There is currently somewhere between $80-90B dollars supposedly available and at work on green energy research and development specifically. Of course we are bankrupt so much of those funds have not been borrowed or printed yet!

I, and many other conservatives I know, would love nothing more than to have ''green energy' as part of our energy package at some time in the future. Now I want you to use the brain our Creator gave each of us and combine it with common sense. Private investors do not exist to place any risk money on a total unknown. But, if that unknown innovator should come along, prove the value of his idea(s), demonstrate to private investors there is a market to be had, at a reasonable user price everyone could afford, and there were large profits to be made, you would have to beat off private investors and large investment firms with a stick. That's called free-market capitalism! And, Bain Capital wouldn't look so bad in your eyes after all. But, for right now, we have to drill baby drill.

A final thought we all need to recognize. This is the only election in the history of our country when we will not choose between a Democratic or Republican candidate and the platform they supposedly represent. This is the first election where we must choose between turning to a Socialist style of governance or remain with the Capitalist form of government that the founders established in our founding documents. Capitalism has brought us to the greatness we have achieved over the first 235 years of our existence. Socialism has never worked in any nation where it has been tried ... it's a system of government dependence. Americans simply are not 'built' to be dependent minded. We are built to be free and individualistic with very little government control or interference. That's why our unique form of government is known as 'the grand experiment'.

If you vote for Socialism, just be aware of what our country will look like in the future. It will look similar to Greece, Spain, France, Italy and others where we witness riots in the street each and every day. None of the pundits, from either side, ever seem to tell you the truth about what you're seeing. It's quite simple, really. The people have become so dependent on the government supplied 'goodies' that when told they have to give most of them up or the country will go bankrupt, they panic. They understand that what the government is saying is the truth but it scares them to death. They have lived in Socialism for so long that they no longer know how to survive and thrive on their own. They don't have a clue where to begin.

So, think about this hard before you vote next week. Socialism is irrevocable once it's established. If you have voted all your life because 'that was the way I was raised', but this time you feel in your heart that you should vote for the other party candidate, then follow your heart of hearts. Either way, make sure you vote!

Your Opinions and Comments

"neww numbers released yesterday show every state had a large drop in unemployent. "
What lunatic website did you get that from? Obama.gov?
The jobs report doesn't get released until tomorrow, Friday. And ... More ›

"neww numbers released yesterday show every state had a large drop in unemployent. "
What lunatic website did you get that from? Obama.gov?
The jobs report doesn't get released until tomorrow, Friday. And it is going to show an increase in unemployment.
It won't matter anyway, because Sandy is history and the media is going to refocus on Benghazi.
What did the President know and when did he know it?

Alvin.....I have already voted for Romney..I guess
after you vote, it will be a tie. In the case of
a tie, the republican house (not yet a reality but
a very good possibility) will have to choose.
Any inkling on whom they ... More ›

Alvin.....I have already voted for Romney..I guess
after you vote, it will be a tie. In the case of
a tie, the republican house (not yet a reality but
a very good possibility) will have to choose.
Any inkling on whom they will vote for ? Smile if
you feel confident.

Whats funny is everything Romney supports is socialist. When he went to israel he praised their healthcare system because they only spend 8% of their GDP, on it, which is funded by a 48% tax on those with income over 125k.
Romney ... More ›

Whats funny is everything Romney supports is socialist. When he went to israel he praised their healthcare system because they only spend 8% of their GDP, on it, which is funded by a 48% tax on those with income over 125k.
Romney tells them this is a great system we need to look into. Dude is just dumb.
If Romney is your capitalist candidate, I'll stick with Obama. Unemployment is dropping like a rock.neww numbers released yesterday show every state had a large drop in unemployent.

Be Careful.....Somewhere along the way, people forgot
the communal experiment at Jamestown and its dismal
result before that system was changed to individual
production and property. I wonder if they still teach that story
in ... More ›

Be Careful.....Somewhere along the way, people forgot
the communal experiment at Jamestown and its dismal
result before that system was changed to individual
production and property. I wonder if they still teach that story
in schools. Do they know who William Brandford was and
what he instituted ? Two of my older siblings were in the
CCC (Civilian Conservation Corps). Most of these young
men provided a valuable boost to World War
Two manpower.
PS Puzzled sure picked an apt user name.

Agreed, Prairie Grouch . Much has been done over the past 150 years to make government more than it was intended. However, continuing down the path and re-electing Obama again will expedite the collapse like in Greece. While ... More ›

Agreed, Prairie Grouch . Much has been done over the past 150 years to make government more than it was intended. However, continuing down the path and re-electing Obama again will expedite the collapse like in Greece. While FDR's and LBJ's programs cannot be stopped, then can be limited.
If I give you free food (food stamps), housing (public housing), healthcare and welfare and unemployment checks and tax rebates, what incentive do I have to work? Humans are incentive driven creatures. If I knew I was going to starve, I surely would not be so easy to pass a job if it is minimum wage.
Since it is now the law of the land this large social net, we cannot break the net completely, but we can re-size and limit its usable time. Kill Obamacare before the death panels kill you. Social security is going to have means testing and a raise in the retirement age. Medicare is going to have caps that will limit access. 99 weeks of unemployment is ridiculous. If you study FDR, he started all those work programs to make people work for their government check. We need to return to that. No free rides; Sweep the streets; Built road cleaning crews; Do something; anything but people sitting around enjoying OBAMAPHONE, free internet and TV. This is not the lesson we need to be teaching. We are continuing to see a rise in worthless lazy people. I reframe some the who…. HA HA
None the less, it is a vote between devastating Socialism and a more reasonable and priority driven fiscal discussion.

Pritts, you are a typical Tea Partier. You write what you want to and twist the facts to fit your objective. I totally support your right to do so. However, when I call your article trash, you don't support my right to disagree ... More ›

Pritts, you are a typical Tea Partier. You write what you want to and twist the facts to fit your objective. I totally support your right to do so. However, when I call your article trash, you don't support my right to disagree with your article. The Tea Party mantra: your way or no way. Well, I have news for you! I will have the last laugh, because in spite of all of your journalistic trash, Mr. Obama will me elected our next president next week.

Everything your Grandfather said, has come to pass, just like he said it would. Everything your Father said, is happening now, just like he said it would. And everything you are thinking now, will be coming soon to a paycheck ... More ›

Everything your Grandfather said, has come to pass, just like he said it would. Everything your Father said, is happening now, just like he said it would. And everything you are thinking now, will be coming soon to a paycheck near you,a doctor near you, a school near you, should this marxist get re elected, and your kids will say someday, You know, my Dad was right.

I don't think that this election is about a choice
between socialism and capitalism. We already have
a form of socialism and it's called a democratic
welfare state. FDR started this type of state with
Social Security. LBJ ... More ›

I don't think that this election is about a choice
between socialism and capitalism. We already have
a form of socialism and it's called a democratic
welfare state. FDR started this type of state with
Social Security. LBJ added to it by implementing the
war on poverty and MEDICARE. George Bush added to
it by signing the Medicare prescription bill. Obamacare
is giving the welfare state a boost by giving the
younger population some of the same socialistic benefits that
old and disabled people enjoy. Persons
on unfunded defined pensions that have failed also
benefit from the welfare state because the government
(read taxpayers) picks up the reduced payments.
Obama did not create this form of socialism that
our nation has, he only expedited the slide into
deeper depths of socialism.
I have already voted for the Republican candidate
hoping that we start to see the entitlement sea start
to recede. How's that for hope and change ?

Chris Matthews has embarrassed himself several times. Obviously his boss and his network agree with his opinions and antics or they would have canned him long ago. I do not think I can ever bear to see and hear him do an interview ... More ›

Chris Matthews has embarrassed himself several times. Obviously his boss and his network agree with his opinions and antics or they would have canned him long ago. I do not think I can ever bear to see and hear him do an interview with a conservative again. His method is to win the argument by talking MUCH louder than his guest, talk over them, interrupt them. It's impossible for his guest to even get in their opinion. He's a miserable TV anchor type person. Fortunately for me, I have not listened/watched any of those major TV outlets for years. I just want to throw something at the TV every time they are on.
Chris Matthews is a total embarrasing bafoon.

Great article Bob, thank you. I know it's just a fantasy because the truth isn’t something he deals in, but wouldn’t it be fun to see Chris Matthews read this out loud! That would give me a funny feeling down my leg!

"Where is the outrage over this program which takes resurces from our schools, and shifts tax burden to the middle class? "
Where is the outrage over how much is spent (wasted?) on these opulent shrines to the ... More ›

"Where is the outrage over this program which takes resurces from our schools, and shifts tax burden to the middle class? "
Where is the outrage over how much is spent (wasted?) on these opulent shrines to the education gods, sprawling K-12 school complexes that look like major universities?
Did we reeeally need the entry to Floresville HS to look like Buckingham Palace? And now we have to borrow money and raise taxes to fix the courthouse which is collapsing, give our elected officials all raises ... AGAIN, and hire a few more deputies.
The tax rate for the ISD is triple the county rate. In other words, we are spending 3 times as much on schools than on basic government services.

Flying monkey,
Man, you lefty socialists are really desperate, aren't you? You know, puzzled disagreed with everything I wrote but never gave a legitimate response pointing out where I was wrong on the facts. Now you say ... More ›

Flying monkey,
Man, you lefty socialists are really desperate, aren't you? You know, puzzled disagreed with everything I wrote but never gave a legitimate response pointing out where I was wrong on the facts. Now you say I'suck' but you don't back up how you came to that conclusion.
Oh well, I know one thing for sure. Puzzled certainly must believe in flying monkeys! Sorry ... I don't.

I find that Bob Pritts is very reasonable and clear thinking person. He presents facts to back his statements and tells you right up front that he is a conservative unlike MOST of the anchors at all the major networks who are ... More ›

I find that Bob Pritts is very reasonable and clear thinking person. He presents facts to back his statements and tells you right up front that he is a conservative unlike MOST of the anchors at all the major networks who are secretly liberal but you won't hear that from them. But, just listen to the slant they put on interviews and news reports...sounds like it could be Obamas Press Secretary notes. And, the news media is suppose to be unbiased and only there to sniff out the facts and present them fairly and honestly. Bob Pritts is truly a fresh breath of air!
The only think Bob pritts "sucks" is the heart and soul out of a statement and lays it out for all to see.

Mr. Pritts, you're dealing with left wing glue sniffers. Nothing is a fact unless it agrees with their agenda and they say it is a fact...everything else is just propaganda from the extreme conservative faction. And, if you ... More ›

Mr. Pritts, you're dealing with left wing glue sniffers. Nothing is a fact unless it agrees with their agenda and they say it is a fact...everything else is just propaganda from the extreme conservative faction. And, if you point out a fact, they accuse you of being a racist, an obstuctionist, or politicizing the data.

Puzzled,
... "journalistic trash like 'ol Bob writes" I've got to hand it to you. You are the first person I've ever heard that called factual information and common sense conclusions as 'trash'.
You ... More ›

Puzzled,
... "journalistic trash like 'ol Bob writes" I've got to hand it to you. You are the first person I've ever heard that called factual information and common sense conclusions as 'trash'.
You are also the only respondent to this blog who tried to draw race into the discussion using the 'N' word. That's despicable! I have news for you. If the presidential campaign were between Barack Obama and Hermann Cain, I'd vote for Cain in a heartbeat! I want my president to have proven leadership abilities, great moral character, and a staunch love for the Constitution and free-market capitalism. Apparently you don't share my views. By the way, I'm also a tea partier.
So, if you loved this blog, wait 'til you read the next one. Coming soon to a neighborhood near you.

Horray for Gallup Poll! Hope it is being very conservative. I would like Romney to win BIG and then do what Obama did in 2008 when he told almost 50% of the Population that wasn't Democrat, "We won! Just sit down and ... More ›

Horray for Gallup Poll! Hope it is being very conservative. I would like Romney to win BIG and then do what Obama did in 2008 when he told almost 50% of the Population that wasn't Democrat, "We won! Just sit down and shut!"

Axelrod is working on that angle no doubt. Jay Carney is already memorizing his talking points.
"Bush was actually observed blowing up the levies....and eh, blocking legislation for more money for FEMA sandbags for ... More ›

Axelrod is working on that angle no doubt. Jay Carney is already memorizing his talking points.
"Bush was actually observed blowing up the levies....and eh, blocking legislation for more money for FEMA sandbags for downtown Manhatten... but we are investigating....to eh, find out what happened."

Puzzled......this is the day that the oceans will start
to recede......tell that to the Obama people on the
Jersey shore and to those subway users in NYC.
Puzzled probably believes that it's George Bush's
fault.

Not to worry about George Soros...he's an expert on making a fortunate off of other countries misery. And, besides he has the Democrats to toss him huge chunks of tax payer money. As long as Obama/Democrats have any power, ... More ›

Not to worry about George Soros...he's an expert on making a fortunate off of other countries misery. And, besides he has the Democrats to toss him huge chunks of tax payer money. As long as Obama/Democrats have any power, Soros will do quite nicely thank you.

Hey Puzzled, do you know why banks would suddenly start making bad loans, a concept that was totally contrary to good banking practices? What could possibly motivate such an illogical reversal in the way they do business?
What ... More ›

Hey Puzzled, do you know why banks would suddenly start making bad loans, a concept that was totally contrary to good banking practices? What could possibly motivate such an illogical reversal in the way they do business?
What do you suppose intervened to make such stupid loan decisions practical or even widely practiced and, for a time, quite profitable?
Here is a hint: CRA + Clinton + Barney Franke = sub-prime loan disaster.
Google it.

Gov Romney will win the election by 44 electoral votes....in spite of journalistic trash like The NY Times and ABC/CBS/NBC, and in spite of the fact that you Socialist/Communist still think of him as a damn Mormon. What a shame ... More ›

Gov Romney will win the election by 44 electoral votes....in spite of journalistic trash like The NY Times and ABC/CBS/NBC, and in spite of the fact that you Socialist/Communist still think of him as a damn Mormon. What a shame after he will save our bacon from a financial train wreck that Obama and the Socialist/Democrats created from 2008 to 2012.

President Obama will win the election by 44 electoral votes....in spite of journalistic trash like ol' Bob writes, and in spite of the fact that you tea partiers still think of him as a damn n**gg**. What a shame after he saved ... More ›

President Obama will win the election by 44 electoral votes....in spite of journalistic trash like ol' Bob writes, and in spite of the fact that you tea partiers still think of him as a damn n**gg**. What a shame after he saved our bacon from a financial train wreck that Bush and the Republicans created from 2000 to 2008.

"Investors Punish Petrobras After Disappointing Third Quarter"... stock prices plummet.
Gee, I wonder if "spooky dude" Soros got rid of his shares in time? Odds are that Buffet was in on that little ... More ›

"Investors Punish Petrobras After Disappointing Third Quarter"... stock prices plummet.
Gee, I wonder if "spooky dude" Soros got rid of his shares in time? Odds are that Buffet was in on that little deal also. Funny how Buffet has been talking like an anti-capitalist since Obama took office. He knows where his bread is buttered.
Yeah, Obama sure knows how to pick 'em.... with our money.

Bob.....unless your blog reaches those in the blue or
swing states, not much effect will be realized. Of
course, it might increase Mitt's landslide victory
in Texas a bit. In Wilson county, maybe it will help
Mitt get a ... More ›

Bob.....unless your blog reaches those in the blue or
swing states, not much effect will be realized. Of
course, it might increase Mitt's landslide victory
in Texas a bit. In Wilson county, maybe it will help
Mitt get a 75 to 25 margin of victory. Maybe the EPA
will place the Democrats on the endangered list in
Wilson county. Enjoyed your sermon to the choir.